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Advanced Drainage Systems Inc   (WMS)
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WMS's Operating Income Growth by Quarter and Year

Advanced Drainage Systems Inc 's Operating Income results by quarter and year




WMS Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter March - 80.78 32.89 6.76
III Quarter December 124.49 110.31 82.96 41.02
II Quarter September 217.59 111.56 121.57 57.22
I Quarter June 251.61 109.27 107.10 -200.35
FY   593.69 411.92 344.52 -95.35



WMS Operating Income third quarter 2023 Y/Y Growth Comment
Advanced Drainage Systems Inc reported Operating Income increase of 12.85% year on year in the third quarter 2023, to $ 124.49 millions, this is lower than Advanced Drainage Systems Inc 's recent average Operating Income rise of 43.72%.

According to the results reported in the third quarter 2023, Advanced Drainage Systems Inc achieved the best Operating Income growth in Miscellaneous Manufacturing industry. While Advanced Drainage Systems Inc ' s Operating Income growth of 12.85% ranks overall at the positon no. 90 in the third quarter 2023.

Explain Operating Income growth


WMS Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter March - 145.61 % 386.54 % 0.75 %
III Quarter December 12.85 % 32.97 % 102.24 % 64.74 %
II Quarter September 95.04 % -8.23 % 112.46 % 22.4 %
I Quarter June 130.26 % 2.03 % - -
FY   - 19.56 % - -

Financial Statements
Advanced Drainage Systems Inc 's third quarter 2023 Operating Income $ 124.49 millions WMS's Income Statement
Advanced Drainage Systems Inc 's third quarter 2022 Operating Income $ 110.31 millions Quarterly WMS's Income Statement
New: More WMS's historic Operating Income Growth >>


WMS Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter March - -26.77 % -60.35 % -83.52 %
III Quarter December -42.79 % -1.12 % -31.76 % -28.31 %
II Quarter September -13.52 % 2.1 % 13.51 % -
I Quarter June 211.48 % 232.23 % 1484.32 % -
FY (Year on Year)   - 19.56 % - -




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #1
Capital Goods Sector #16
Overall #90

Operating Income Y/Y Growth Statistics
High Average Low
386.61 % 43.72 % -83.33 %
(Mar 31 2021)   (Mar 31 2013)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #1
Capital Goods Sector #16
Overall #90
Operating Income Y/Y Growth Statistics
High Average Low
386.61 % 43.72 % -83.33 %
(Mar 31 2021)   (Mar 31 2013)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Advanced Drainage Systems Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
1484.52 % 57.27 % -100 %
(Jun 30 2020)  


WMS's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Advanced Drainage Systems Inc reported fall in Operating Income sequentially by -42.79% to $ 124.49 millions, from $ 217.59 millions achived a quarter before.

But that's not big issue, as Operating Income generally tend to plunge in this quarter.

Within Miscellaneous Manufacturing industry only one company achieved higher sequential Operating Income growth. While Advanced Drainage Systems Inc 's Operating Income growth quarter on quarter, overall rank is 155.


Operating Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #2
Capital Goods Sector #25
Overall #155
Operating Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #2
Capital Goods Sector #25
Overall #155
Operating Income Q/Q Growth Statistics
High Average Low
1484.52 % 57.27 % -100 %
(Jun 30 2020)  


WMS's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Advanced Drainage Systems Inc realized fall in Operating Income from the second quarter by -42.79% to $ 124.49 millions, from $ 217.59 millions achived a quarter before.

If you analyse current downturn in the III. Quarter 2023, you should assume, that usually III. Quarter 2023 results emerge softer then in the quarter before, Angelina Young, market contributor mentioned.

Within Miscellaneous Manufacturing industry only one company achieved higher sequential Operating Income growth. While Advanced Drainage Systems Inc 's Operating Income growth quarter on quarter, overall rank is 155.


Advanced Drainage Systems Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
Cumulative Operating Income 12 Months Ending $ 674.46 $ 660.28 $ 554.26 $ 411.92 $ 364.03
Y / Y Operating Income Growth (TTM) 85.27 % 96.12 % 59.87 % 19.56 % 14.33 %
Year on Year Operating Income Growth Overall Ranking